
The more I turn on the mainstream news, the more I want to turn it off. Everyday, it feels more and more like Alice in Wonderland, because everyday, we're doing all the running we can do, just to stay in place. And the place where we're staying, grows darker by the hour. At the Commodity Futures Trading Commission hearings two weeks ago, we were told with a straight face that the London
physical gold market is actually a
paper market for gold.
They just call it a physical market. Stop right there and let the implications of that "language substitution" sink in for a moment. When bullion bank executives claim that their short positions in U.S. markets are offset with physical positions on the London market, what they are actually saying is that paper positions in the US are offset with paper positions in London. In other words, they are lying to your face, and they know it. The London gold market is leveraged, by their own admission, 100 to 1, paper to real gold. In other words, it's ALL paper. It's ALL leverage. There's virtually no real physical gold on the London market relative to the amount of trading that takes place. Bullion bank executives are relying on your interpretation of the word physical to actually mean physical, hold in your hand, gold bullion, instead of the phony paper certificates they have been using to exponentially prop up the dollar and other world currencies, while at the same time, smothering real gold with a paper blanket.
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